Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$374,243$374,243$526,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$152,257$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%4.808%7.640%
1st payment$1,746.51$1,746.51$3,645.38
2nd payment$0.00$1,015.05$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$306.60$306.60$105.30
HOA / mo$333.00$333.00$333.00
Total monthly$3,040.27$4,055.32$4,737.85
Cash to close$210,757$58,500$58,500